Pier Capital Fully Exits Core Scientific Holdings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Should l Buy CORZ?
Source: Fool
- Share Sale Overview: Pier Capital sold all 504,958 shares of Core Scientific in Q4 for approximately $9.06 million, indicating a risk-averse strategy towards the company amid declining performance.
- Declining Financial Performance: Core Scientific's Q3 revenue fell from $95.4 million to $81.1 million, primarily due to a 55% year-over-year drop in Bitcoin mined, negatively impacting profitability and highlighting operational challenges.
- Capital Expenditures and Liquidity: While capital expenditures reached $244.5 million for infrastructure buildouts, liquidity remains substantial at around $695 million; however, adjusted EBITDA showed a loss of $2.4 million, reflecting financial strain during the transition.
- Strategic Transformation Challenges: Core Scientific is pivoting from volatile self-mining to high-density colocation services, with future success hinging on executing this capital-intensive transformation rather than relying solely on cryptocurrency price fluctuations.
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Analyst Views on CORZ
Wall Street analysts forecast CORZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CORZ is 27.46 USD with a low forecast of 19.94 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 14.815
Low
19.94
Averages
27.46
High
40.00
Current: 14.815
Low
19.94
Averages
27.46
High
40.00
About CORZ
Core Scientific, Inc. provides digital infrastructure for high-density colocation services and digital asset mining. The Company operates dedicated, purpose-built facilities for digital asset mining and is a provider of digital infrastructure, software solutions and services to its third-party customers. Its Digital Asset Self-Mining segment consists of digital asset mining for its own account. Its Digital Asset Hosted Mining segment consists of its digital infrastructure and third-party hosting services for digital asset mining. Its Colocation segment consists of providing high-density colocation services to third parties for graphics processing units (GPU)-based high-performance computing (HPC) operations. It employs its own large fleet of computers (miners) to earn digital assets for its own account and to provide hosting services for large digital asset-mining customers, and it is in the process of allocating and converting a significant portion of its 10 facilities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Pier Capital Fully Exits Core Scientific Holdings
- Share Sale Overview: Pier Capital sold all 504,958 shares of Core Scientific in Q4 for approximately $9.06 million, indicating a risk-averse strategy towards the company amid declining performance.
- Declining Financial Performance: Core Scientific's Q3 revenue fell from $95.4 million to $81.1 million, primarily due to a 55% year-over-year drop in Bitcoin mined, negatively impacting profitability and highlighting operational challenges.
- Capital Expenditures and Liquidity: While capital expenditures reached $244.5 million for infrastructure buildouts, liquidity remains substantial at around $695 million; however, adjusted EBITDA showed a loss of $2.4 million, reflecting financial strain during the transition.
- Strategic Transformation Challenges: Core Scientific is pivoting from volatile self-mining to high-density colocation services, with future success hinging on executing this capital-intensive transformation rather than relying solely on cryptocurrency price fluctuations.
See More
Analysis of CORZ's 52-Week High and Low Points
- Price Range Analysis: CORZ's 52-week low is $6.20 per share, while the high is $23.63, with the last trade at $14.81, indicating significant volatility over the past year that may influence investor decisions.
- Market Trend Insight: The current stock price is at 62.6% of the 52-week high, suggesting that despite a recent decline, there remains potential for recovery, which could attract investors looking for rebound opportunities.
- Technical Indicator Alert: CORZ's stock price has fallen below its 200-day moving average, typically viewed as a technical sell signal, potentially leading to further downward pressure in the short term, necessitating careful risk assessment by investors.
- Investor Sentiment Impact: Although the current stock price is below the 200-day moving average, market sentiment may be influenced by the broader economic environment and industry dynamics, prompting investors to stay informed on relevant market news for informed decision-making.
See More
Teradyne and Royal Caribbean Options Trading Active
- Teradyne Options Volume: Teradyne's options trading volume reached 24,609 contracts today, representing approximately 2.5 million shares, which accounts for 85.6% of its average daily trading volume over the past month, indicating strong market interest in the stock.
- High Strike Demand: Notably, the $280 strike call option saw 2,012 contracts traded today, representing about 201,200 underlying shares of Teradyne, reflecting investor expectations for future price increases.
- Royal Caribbean Options Activity: Royal Caribbean's options trading volume stood at 21,015 contracts, equivalent to approximately 2.1 million shares, making up 79.6% of its average daily trading volume over the past month, showcasing the stock's activity level.
- Bullish Call Options: The $340 strike call option recorded a trading volume of 5,508 contracts, representing around 550,800 shares of Royal Caribbean, indicating optimistic sentiment in the market regarding the stock's future performance.
See More
Core Scientific Signals Market Sentiment Reversal
- Market Sentiment Shift: Core Scientific's momentum score surged from 78.59 to 87.83, indicating a significant improvement in market sentiment and reflecting increased investor confidence in the company's future prospects.
- Price Target Increase: Keefe, Bruyette & Woods raised Core Scientific's price target from $19 to $25, signaling analysts' optimism regarding the company's strategic pivot from Bitcoin mining to high-performance computing leasing.
- Strategic Transformation: The company is transitioning its power infrastructure from cryptocurrency mining to AI-focused HPC hosting, which is expected to attract more partners and enhance future revenue potential.
- Stock Performance: As of 2026, Core Scientific's stock has risen by 12.51%, with a 31.79% increase over the past six months, demonstrating strong market performance despite a recent 4.51% drop in share price.
See More
BitGo (BTGO) Goes Public, Raises $212.8M with $2.59B Valuation
- Successful IPO: BitGo listed on the New York Stock Exchange, pricing its IPO at $18 per share, exceeding the expected range of $15-$17, successfully raising $212.8M, marking the first stock market debut by a digital asset company in 2026.
- Strong Stock Performance: On its first trading day, BitGo's stock opened at $22.43 per share, reflecting strong market demand for its crypto custody services and enhancing the company's influence in the digital asset space.
- NYSE Tokenized Securities Platform: The New York Stock Exchange announced the development of a tokenized securities trading platform aimed at enabling 24/7 trading and instant settlement, intending to modernize market infrastructure by integrating blockchain technology with traditional securities trading.
- Strategic Bitcoin Acquisition: Strategy reported acquiring 22,305 bitcoins for approximately $2.125B between January 12 and January 19, demonstrating its proactive positioning in the cryptocurrency market, now holding 709,715 bitcoins with a total investment of about $53.92B.
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Snowflake Inc (SNOW) Options Volume Surges to 41,425 Contracts
- Surge in Options Volume: Snowflake Inc's options trading volume has reached 41,425 contracts today, equivalent to approximately 4.1 million shares, which is 107.3% of its average daily trading volume of 3.9 million shares over the past month, indicating strong market interest in its future performance.
- High Volume Put Options: The $240 strike put option expiring on January 16, 2026, has seen 5,406 contracts traded today, representing about 540,600 underlying shares, suggesting an increased investor expectation of downside risk for the stock.
- Core Scientific Inc Options Activity: In parallel, Core Scientific Inc recorded an options trading volume of 113,971 contracts, representing approximately 11.4 million shares, which is 106.5% of its average daily trading volume of 10.7 million shares over the past month, highlighting significant market attention on the company as well.
- Active Call Options Trading: The $27 strike call option expiring on March 20, 2026, has seen 15,500 contracts traded today, representing about 1.6 million shares, reflecting investor optimism regarding the company's future performance.
See More
Pier Capital Fully Exits Core Scientific Holdings
- Share Sale Overview: Pier Capital sold all 504,958 shares of Core Scientific in Q4 for approximately $9.06 million, indicating a risk-averse strategy towards the company amid declining performance.
- Declining Financial Performance: Core Scientific's Q3 revenue fell from $95.4 million to $81.1 million, primarily due to a 55% year-over-year drop in Bitcoin mined, negatively impacting profitability and highlighting operational challenges.
- Capital Expenditures and Liquidity: While capital expenditures reached $244.5 million for infrastructure buildouts, liquidity remains substantial at around $695 million; however, adjusted EBITDA showed a loss of $2.4 million, reflecting financial strain during the transition.
- Strategic Transformation Challenges: Core Scientific is pivoting from volatile self-mining to high-density colocation services, with future success hinging on executing this capital-intensive transformation rather than relying solely on cryptocurrency price fluctuations.
See More
Analysis of CORZ's 52-Week High and Low Points
- Price Range Analysis: CORZ's 52-week low is $6.20 per share, while the high is $23.63, with the last trade at $14.81, indicating significant volatility over the past year that may influence investor decisions.
- Market Trend Insight: The current stock price is at 62.6% of the 52-week high, suggesting that despite a recent decline, there remains potential for recovery, which could attract investors looking for rebound opportunities.
- Technical Indicator Alert: CORZ's stock price has fallen below its 200-day moving average, typically viewed as a technical sell signal, potentially leading to further downward pressure in the short term, necessitating careful risk assessment by investors.
- Investor Sentiment Impact: Although the current stock price is below the 200-day moving average, market sentiment may be influenced by the broader economic environment and industry dynamics, prompting investors to stay informed on relevant market news for informed decision-making.
See More
Teradyne and Royal Caribbean Options Trading Active
- Teradyne Options Volume: Teradyne's options trading volume reached 24,609 contracts today, representing approximately 2.5 million shares, which accounts for 85.6% of its average daily trading volume over the past month, indicating strong market interest in the stock.
- High Strike Demand: Notably, the $280 strike call option saw 2,012 contracts traded today, representing about 201,200 underlying shares of Teradyne, reflecting investor expectations for future price increases.
- Royal Caribbean Options Activity: Royal Caribbean's options trading volume stood at 21,015 contracts, equivalent to approximately 2.1 million shares, making up 79.6% of its average daily trading volume over the past month, showcasing the stock's activity level.
- Bullish Call Options: The $340 strike call option recorded a trading volume of 5,508 contracts, representing around 550,800 shares of Royal Caribbean, indicating optimistic sentiment in the market regarding the stock's future performance.
See More
Core Scientific Signals Market Sentiment Reversal
- Market Sentiment Shift: Core Scientific's momentum score surged from 78.59 to 87.83, indicating a significant improvement in market sentiment and reflecting increased investor confidence in the company's future prospects.
- Price Target Increase: Keefe, Bruyette & Woods raised Core Scientific's price target from $19 to $25, signaling analysts' optimism regarding the company's strategic pivot from Bitcoin mining to high-performance computing leasing.
- Strategic Transformation: The company is transitioning its power infrastructure from cryptocurrency mining to AI-focused HPC hosting, which is expected to attract more partners and enhance future revenue potential.
- Stock Performance: As of 2026, Core Scientific's stock has risen by 12.51%, with a 31.79% increase over the past six months, demonstrating strong market performance despite a recent 4.51% drop in share price.
See More
BitGo (BTGO) Goes Public, Raises $212.8M with $2.59B Valuation
- Successful IPO: BitGo listed on the New York Stock Exchange, pricing its IPO at $18 per share, exceeding the expected range of $15-$17, successfully raising $212.8M, marking the first stock market debut by a digital asset company in 2026.
- Strong Stock Performance: On its first trading day, BitGo's stock opened at $22.43 per share, reflecting strong market demand for its crypto custody services and enhancing the company's influence in the digital asset space.
- NYSE Tokenized Securities Platform: The New York Stock Exchange announced the development of a tokenized securities trading platform aimed at enabling 24/7 trading and instant settlement, intending to modernize market infrastructure by integrating blockchain technology with traditional securities trading.
- Strategic Bitcoin Acquisition: Strategy reported acquiring 22,305 bitcoins for approximately $2.125B between January 12 and January 19, demonstrating its proactive positioning in the cryptocurrency market, now holding 709,715 bitcoins with a total investment of about $53.92B.
See More
Snowflake Inc (SNOW) Options Volume Surges to 41,425 Contracts
- Surge in Options Volume: Snowflake Inc's options trading volume has reached 41,425 contracts today, equivalent to approximately 4.1 million shares, which is 107.3% of its average daily trading volume of 3.9 million shares over the past month, indicating strong market interest in its future performance.
- High Volume Put Options: The $240 strike put option expiring on January 16, 2026, has seen 5,406 contracts traded today, representing about 540,600 underlying shares, suggesting an increased investor expectation of downside risk for the stock.
- Core Scientific Inc Options Activity: In parallel, Core Scientific Inc recorded an options trading volume of 113,971 contracts, representing approximately 11.4 million shares, which is 106.5% of its average daily trading volume of 10.7 million shares over the past month, highlighting significant market attention on the company as well.
- Active Call Options Trading: The $27 strike call option expiring on March 20, 2026, has seen 15,500 contracts traded today, representing about 1.6 million shares, reflecting investor optimism regarding the company's future performance.
See More
